Birchcliff Energy Ltd. (TSE:BIR) Given Average Recommendation of “Buy” by Analysts

Shares of Birchcliff Energy Ltd. (TSE:BIR) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$6.71.

A number of research firms have recently issued reports on BIR. Canaccord Genuity Group dropped their price target on Birchcliff Energy from C$6.00 to C$5.75 in a research note on Friday, November 15th. National Bank Financial raised Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. National Bankshares upgraded Birchcliff Energy from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$6.00 to C$8.00 in a research note on Thursday, January 30th. CIBC increased their price objective on shares of Birchcliff Energy from C$5.75 to C$6.00 in a research note on Friday, January 17th. Finally, Scotiabank upgraded shares of Birchcliff Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, January 17th.

Insiders Place Their Bets

In other news, Senior Officer Hue Tran sold 28,600 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$5.10, for a total value of C$145,860.00. 1.55% of the stock is owned by company insiders.

Birchcliff Energy Stock Performance

Shares of TSE BIR opened at C$5.21 on Friday. The firm’s 50-day moving average price is C$5.72 and its 200-day moving average price is C$5.53. Birchcliff Energy has a 52-week low of C$4.53 and a 52-week high of C$6.54. The company has a market cap of C$1.41 billion, a PE ratio of 91.26, a PEG ratio of 0.35 and a beta of 1.93. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 27.63.

Birchcliff Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, March 14th. Birchcliff Energy’s dividend payout ratio is 700.63%.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure.